2024-01-25T13:11:53-06:00 2023-09-30 592840381 PHILLIPS FELDMAN GROUP 801 LAUREL OAK DRIVE SUITE 303 NAPLES FL 341082764 990 2022-10-01 596213933 NAPLES SAILING AND YACHT CLUB NAPL 2397740424 896 RIVER POINT DRIVE NAPLES FL 34102 BOB LEACH COMMODORE 2397740424 2024-01-25 1 BOB LEACH 999009999 0 NATHAN A PHILLIPS CPA P00189856 2395661600 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BOB LEACH 896 RIVER POINT DRIVE NAPLES FL 34102 7639109 0 X WWW.THENSYC.COM X 1965 FL TO BIND ITS MEMBERS TOGETHER BY A COMMON OBJECTIVE DIRECTED AT PLEASURE AND RECREATION. 12 12 59 22 425002 72360 0 0 2970507 3119025 2713 -108978 2798068 3607144 5771288 6617191 0 0 0 0 2810522 2993026 0 0 0 1948078 2111318 4758600 5104344 1012688 1512847 9527871 11479867 3781133 4220282 5746738 7259585 NAPLES SAILING & YACHT CLUB, INC. IS A SOCIAL CLUB WHOSE EXEMPT PURPOSE IS TO PROMOTE SOCIAL INTERACTION OF THE CLUB MEMBERS BY PROVIDING DINING AND RECREATIONAL ACTIVITIES. 0 0 THE CLUB PROVIDED DOCKAGE AND SOCIAL ACTIVITIES TO APPROXIMATELY 400 MEMBERS DURING THE YEAR. TOTAL FOOD & BEVERAGE AND MERCHANDISE REVENUE FOR THE YEAR ENDED 09/30/2023 WAS $1,964,766 OF WHICH $384,662 WAS NON-MEMBER RELATED. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 42 0 1 59 1 1 1 0 0 0 1 1 1760030 515598 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X GREG BARTELS CONTROLLER 2397740424 896 RIVER POINT DRIVE NAPLES FL 34102 BOB LEACH COMMODORE 2.00 X X 0 0 0 CAROL JOSEPH VICE COMMODORE 2.00 X X 0 0 0 MIKE MANLEY REAR COMMODORE 2.00 X X 0 0 0 MIKE MINCH TREASURER 2.00 X X 0 0 0 DEAN LOHMAN SECRETARY 2.00 X X 0 0 0 STEVE ARBAUGH DIRECTOR 1.00 X 0 0 0 BOB HITT DIRECTOR 1.00 X 0 0 0 RICK RUST DIRECTOR 1.00 X 0 0 0 STEVE WEDEL DIRECTOR 1.00 X 0 0 0 MIKE KUTSCH DIRECTOR/CO-TREASURER 1.00 X 0 0 0 BARBARA TEAFORD DIRECTOR 1.00 X 0 0 0 JEFF GAGE DIRECTOR 1.00 X 0 0 0 MANUEL BLANCO GENERAL MANAGER 52.00 X 318363 0 18708 GREG BARTELS CONTROLLER 40.00 X 119942 0 14690 MICHAEL MADSEN HEAD CHEF 40.00 X 193622 0 15923 ANN MARIE ASHLINE DIRECTOR OF MEMBERSHIP 40.00 X 163905 0 0 795832 0 49321 4 0 1 0 0 MEMBER DUES 713910 1900935 1900935 DOCKAGE AND SERVICE FEES 713910 828221 697285 130936 SERVICE CHARGES 713910 389869 389869 3119025 72213 72213 9187 0 9187 9187 9187 181191 -181191 -181191 -181191 1964766 840727 1124039 902186 221853 CAPITAL DUES 713910 952800 952800 CAPITAL CONTRIBUTIONS FROM NEW VO 713910 505325 505325 HURRICANE SURCHARGE 713910 473400 473400 542393 542393 2473918 6617191 6192189 425002 0 761737 1754273 36742 244117 196157 4558 27134 25721 43847 51002 67311 607840 216025 INCOME TAX EXPENSES 24629 ADMINISTRATIVE AND GENE 349072 FOOD AND BEVERAGE 166878 DOCKAGE & SHIP'S STORE 141439 385862 5104344 650 650 4594473 5828236 30172 116560 75051 94982 163686 231659 12225525 7642789 4509854 4582736 153985 625044 9527871 11479867 373030 428400 1165698 1389208 1824621 1704796 417784 697878 3781133 4220282 X 5746738 7259585 5746738 7259585 9527871 11479867 1512847 0 X 0 1 X 1 0 93722 93722 7643936 5581846 2062090 2481561 1402296 1079265 2006306 658647 1347659 4582736 CONSTRUCTION IN PROGRESS 625044 625044 DEFERRED INITIAL CAPITAL FEES 678378 INCOME TAXES PAYABLE 19500 697878 X 7249240 1021918 1021918 6227322 389869 389869 6617191 5736393 1021918 1021918 4714475 389869 389869 5104344 PART X, LINE 2: THE CLUB HAS EVALUATED ITS TAX POSITIONS AND CONCLUDED THAT THE CLUB HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THE ACCOUNTING GUIDANCE FOR UNCERTAINTY IN INCOME TAXES WITHIN THE INCOME TAXES TOPIC OF THE FINANCIAL ACCOUNTING STANDARD BOARD (FASB) ACCOUNTING STANDARDS CODIFICATION (ASC). PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 840,727. LOSS ON DISPOSAL OF ASSETS 181,191. PART XI, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 389,869. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 840,727. LOSS ON DISPOSAL OF ASSETS 181,191. PART XII, LINE 4B - OTHER ADJUSTMENTS: SERVICE CHARGES 389,869. X 0 0 0 MANUEL BLANCO GENERAL MANAGER 214583 0 76780 0 27000 0 8608 0 10100 0 337071 0 0 0 MICHAEL MADSEN HEAD CHEF 127247 0 39375 0 27000 0 5623 0 10300 0 209545 0 0 0 ANN MARIE ASHLINE DIRECTOR OF MEMBERSHIP 75905 0 88000 0 0 0 0 0 0 0 163905 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE CLUB IS A PRIVATE MEMBER-OWNED YACHT CLUB OFFERING RESTAURANT FACILITIES, DOCKAGE, AND SOCIAL ACTIVITIES TO ITS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ONLY ADMIRAL MEMBERS HAVE VOTING PRIVILEDGES (1 VOTE PER FAMILY). FORM 990, PART VI, SECTION A, LINE 7B BOARD OF DIRECTORS DECISIONS SUBJECT TO MEMBERSHIP APPROVAL ARE CHANGES TO THE BYLAWS, ADMISSION, RESIGNATION, SUSPENSION AND EXPULSION OF MEMBERS, AND CAPITAL EXPENDITURES OVER $150,000 ARE SUBJECT TO APPROVAL OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION DOES NOT BELIEVE IT IS EFFECTIVE NOR EFFICIENT FOR THE ENTIRE GOVERNING BOARD TO REVIEW FORM 990 BEFORE FILING. THUS, THE GOVERNING BOARD DELEGATES THE REVIEW OF FORM 990 AND THE RELATED SCHEDULES TO THE CONTROLLER, GENERAL MANAGER, TREASURER, COMMODORE, VICE COMMODORE, AND REAR COMMODORE, PRIOR TO FILING OF THE FORM. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB MONITORS THE CONFLICT OF INTEREST POLICY. THE CLUB DOES NOT ENGAGE IN BUSINESS WITH ANY BOARD MEMBERS OR CLUB MEMBERS, THEREFORE THERE ARE NO CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS DETERMINES THE SALARIES FOR THE GENERAL MANAGER, CONTROLLER, EXECUTIVE CHEF, DIRECTOR OF MEMBERSHIP, FOOD & BEVERAGE MANAGER, AND THE DOCKMASTER, BASED ON DATA SUPPLIED BY THE TRENDS REPORT. THE BOARD HAS OUTLINED CERTAIN MEMBERSHIP LEVELS AND PROFITABILITY AMOUNTS TO ESTABLISH BONUSES OF THE GENERAL MANAGER, CONTROLLER, EXEUTIVE CHEF, FOOD & BEVERAGE MANAGER, AND THE DOCKMASTER. ALL OTHER EMPLOYEES' BASE PAY IS DETERMINED BY THE GENERAL MANAGER USING LOCAL DATA AND PERFORMANCE. FORM 990, PART VI, SECTION C, LINE 18 THE CLUB PROVIDES COPIES OF FORM 990 AND FORM 1024 UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT PROVIDE COPIES OF THE FINANCIAL STATEMENTS, NOR CONFLICT OF INTEREST POLICY. GOVERNING DOCUMENTS ARE AVAILABLE ON THE CLUB'S WEBSITE.